Fed hikes discount rate amid inflation worries and Johnson clash
The Federal Reserve Board ordered an increase in the discount rate from 4% to 4.5% to curb inflation and tighten credit. The move, seen as anti inflationary, drew immediate criticism from President Johnson who argued for coordinated economic policy.
MENTIONED IN THIS ARTICLE
Johnson
Federal Reserve Board
Federal Reserve
Lbj Ranch
Texas
Fed
William McChesney Martin
C. Canby Balderston
Charles N. Shepardson
J. Dewey Danne
George W. Mitchell
J L. Robertson
Sherman J. Mavsel
Startin
Airliner collision probes deepen as pilots praised
Investigators pursue causes after a Constellation crash at 10 000 feet left 38 aboard the Eastern Air Lines plane dead or injured while a TWA jet landed safely at Kennedy. Fourth victim Charles White of Rye NH, a Constellation pilot, died in the wreckage.
MENTIONED IN THIS ARTICLE
New York
HTNL
Westchester County
Charles J. White
Rye
Eastern Air Lines Constellation
North Salem
Trans World Airlines
Kennedy International Airport
Lois Thibodeau
Gloucester
Mass
Burns
Danbury
Conn
Joseph M. Wilkinson Jr
Templar Way
Summit
N.J
Northern Westchester Hospital
Mount Kisco
Dennis Flucker
Park Ave
Hoboken
White
Flucker
Constellation
Kennedy Aiport
Civil Aeronautics Board
Washington
Pound Ridge
Boston
707
San Francisco
Kennedy
William L. Lamb
CAB
50Man
TWA
Thomas H. Carroll
Norwalk
Europe
Eastern
Civil Rights Commission says U S justice too slow
The U S Civil Rights Commission accuses the Justice Department of slow action under the voting rights act, drawing a sharp rebuttal from Attorney General Katzenbach. The dispute centers on federal examiners and coverage in southern counties, amid broader civil rights tensions.
MENTIONED IN THIS ARTICLE
Civil Rights Commission
U.S. Justice
Washington
UPI
Nicholas Katzenbach
U.S. Civil Rights Commission
Justice Department
Commission
Congress
Katzenbach
South
Sould
Cleveland confronts Watts risk with direct city liaison
UPI reports Congressman Robert Sweeney urged Cleveland officials to create a direct liaison with the Hough and Glenville communities to prevent racial unrest. He warned that federal spending alone cannot solve the underlying problems and that War on Poverty programs do not replace local involvement.
MENTIONED IN THIS ARTICLE
Cleveland
UPI
Hough
Glenville
Los Angeles
Watts
Robert Sweeney
Sweeney
Ohio
Americans For Democratic Action
ADA
City
Cleveland Democrat
City Hall
Snow squalls sweep eastern Great Lakes region
Weather report notes gale driven snow squalls near the Great Lakes with mild nationwide conditions and unseasonably warm readings in the Southwest. Temperatures range from 12 above zero at Grand Forks to 71 at Key West, while L.A. records 87 and San Diego 90.
MENTIONED IN THIS ARTICLE
United Press
Great Lakes
North Pacific Coast
Midwest
Grand Forks
Key West
Los Angeles
San Diego State College
Phoenix
Ariz
Fort Worth
Tex
Johnson City study finds no sure cure for blackouts
The Federal Power Commission warned there is no absolute assurance that a major power blackout like the November outage won’t recur. It urged active consideration of nationwide grid reliability and possible federal legislation. The commission cited a Canadian relay not reset since 1963 as a factor in the New York City area failure. Chairman Joseph Swidler planned to brief President Johnson at the LBJ Ranch.
MENTIONED IN THIS ARTICLE
Johnson City
Tex
CPI
Federal
Iion
Johnson
New York City
New England
FPC
Joseph C. Swidler
Lbj Ranch
Broadcast mashup of Gemini 7 launch and Penn State Maryland game
NBC airs split screen of Gemini 7 countdown and Maryland Penn State game with live feed and commercials. The event ends with Penn State winning 19 7 as astronauts orbit Canton Island and the nation watches in hush.
MENTIONED IN THIS ARTICLE
Penny State
Cape Kennedy
Lindsay Nelson
College iPark
National Broadcasting Company
Maryland
Merris Muller
Kennedy
Byrd Stadium
Frank Borman
James Lovell
Tom Nugent
Rip Eagle
State
Dick Gingrich
Dave McNaughton
NBC
Penn State
John Drake
Lindsay
McNaughton
Dirk Nye
Australia
Ernie Torain
Atronauts
Canton Island
South Pacific
Also Mentioned on This Page
By Robert J. Duffy
Viet Nam
Federal Reserve Banks
Chicago
Martin
the Chronicle-Telegram
Justice Department of
William J. Taylor
Department
Johnson Administration
Hubert H. Humphrey
LBJ
Eastern Great Lakes
Lorain County Printing & Publishing Co
Elyria
Cartier
Lorain
Eastern Air Lines Constel
N.Y
Red Blaik
West Point
Irwin
Chet Huntley
Huntley
David Brinkley
Control Center
Adam
College Park
Terry Brennan
Muller
Baicate
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